Helios Investment Partners Plans Full Exit from Axxela, Nigeria's Largest Gas Company
Helios Investment Partners is looking to completely divest from Axxela, Nigeria's leading gas infrastructure company, after being actively involved for almost a decade. The recent sale of a 25% stake to Sojitz Corporation, a Tokyo-listed investment company, signifies a strategic move by Helios away from the energy sector.
This decision reflects a shift in investment strategy rather than performance-driven motives. Axxela, formerly known as Oando Gas and Power Company, has undergone significant evolution since Helios acquired a major equity stake in 2016, eventually becoming its sole owner in 2019.
The latest divestment signals a new chapter for Axxela and potentially opens the door for new ownership in West Africa's strategic energy assets.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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